Turkish govt defends tax plan to fund defence industry
The Turkish government defended a proposed tax on credit cards on Tuesday, saying it was needed to fund the arms industry and protect the country as conflict rages in its neighbourhood.
Indignant Turks, who already face double-digit inflation, called their banks to lower their credit limits after the ruling AKP party submitted the tax bill to parliament on Friday.
The legislation comes as Israel's conflicts with Tehran-backed Islamist militants in Gaza and Lebanon, and missile strikes by Iran, have raised global concerns that a broader war could erupt in the Middle East.